REGISTERED COMPANY NUMBER.. SC366401 IScotl#ndl REGISTERED CHARITY NUMBER: SC040917 rt of the Trustees Hnd Unaudited FitLancial Statements for the YeAr Ended 3151 October 2025 ith Valle LEAF Tru Farrie8 Kirk & McV¢an Chartered Accounianls Durntric5 EnttTpn5e Park Heaihhall lJumtri¢s DUMFRIESSHIRE DGI 3SJ
ith Valle LEAF Trust Contents of the Financial StAtements for the Year Ended 31st October 2025 P&ge Report of the Trustees Independent ExAmffiner'$ Report Ststement of Financial Activities Balance Sheet Nott5 to the FinAneiAI StRtements 8 to 17 DetAlled Stitement of Fln*rttlAI Actkvltles 18 ie 19
Nith Vfille LEAF Trust ort of tht Tru$tee$ ror the YeAr Ended 31st Oc(ober 202S Thc Irustccs who 7c also dir¢ctor5 of th¢ charity for tli¢ purpose5 of ihe Companies Aci 2006, preseni Iheir report wilh th¢ financial statttncnts of the charity for the ycar ended 3 Isi Ociobcr 2025. Thc tru51¢cs have adopted the provisions ofAccounling and Reporting by Chariiie5.' Siatemeni of Recommended Praciice applicable to charities pr¢paring iheir accounts in 8CCOTdance with the Financial Rerorting Slandard applicablc in the UK and RepubliL ol. Ireland IFRS 1021 lellectivc l January 20191. OBJECTIVES AND ACTIVITIES In accordance with ihe Memorandum of Association of th¢ company.. The company has bccn formed to benefit the community of Closebum as defined by all the pJ5tcode units within DG3 SH and DG3 5J and wilh the following PuTP05¢S'. To mjnage community land and asstsciated 955ets for the benefit ol the community and the public in general following princtples of sustainabl¢ development. wher¢ susiainablt development rneans development which meets the needs of the present without compromisin8 the ability of fuiurc 8cnLralions iu tnect thciT own nccds. To provid¢, or assist in providing, recreational laciliites, andlor organising recreaiional 2CIIVllies, which will be avtilable 10 members of the public ai large with thc objcct of itnproving Ihc condilioTJ5 of life ai)d health of the Cornmunity and following princip1¢5 of sustainablc d¢v¢loptnent. To advance community developTn¢ni. in¢luding urban or Tural r¢g¢ncration. following priDGipl¢s of sustainable d¢vcloptn¢nt. To advance the education of the Community aboui its environmeni, ¢uliure. heriuge andloi h2story. To advancc environmental protection or irnprovemeni tncluding preservation. and ¢ons¢rvalion oftht naiural cnvironmenl. Ihe promoiion of sustainabl¢ developmeni. ihe maintenance. improvement or provision of cnvironmenlal ameniti¢s for ihe community andlor the preservaiion of buildings or sites of architetlural, hisioric er oiher irnpori&nc¢ to th¢ community. ACHIEVEMENTS AND PERFORMANCE The charily has 5UCCe5sfully funded the purchase ora Inodern house 120151 and Ihe building of 3 new Passivhaus homes120201. the latier the first in Scoiland to bc owned by 2 Comtnunity Trust and Ihc acquisition of thc FX)St offic¢ hous¢ 120231. Thcsc have all b¢en tnad¢ available 10 s'oung families wilh local connection5 lor affordable r¢nr5. It has also le¢d for 25 years rhc old church orchard as a OEnmvnity garden and acquired the primary sLhool field by donaiion as an assei transfer in March 2023 to develop ii as a ¢otnmunity space for events and activities and has added a Roundhous¢ and Active Travel hub in 2024. FINANCIAL REVIEW Principal funding sources Durine iht ycar und¢r review the charity rec£ived extensive funding from the National Loticry, Dumfries & Galloway Counril ANCBC, SSE Clyde, SOSE Coinmunity Funds iowards the Orchard, Shop, Gala Field. Roundhouse and A¢tiv¢ Travel hub. Investment poli¢y and objettivts Under Ihc Memorandum of IS¢18110n. the Tru5tee5 are not limited in the typcs of investment they May make However. io da the Trustees ha¢ made no invcslments other than cash deposits. Reserves policy Tht chdrily hts suffi¢ieDt op¢raling reserves to fund its ongoing acitrvities. Th¢ iruses ¢onsideT th¢ financial position of the charsty to be Satisfactory. The Lharily h05 UnTe5tricied fund5 of £722.78212024 . £348,930) and striCt¢d funds of £103,063 {2024- £469,121 meaning total funds £825,84512024- £818.0321 Principhl risks uthtertslnti¢$ The trusiees closely rnonitOT the risks and uncenainrics faced by IhL Lharity. Th¢y wntinv¢ to EKliev¢ the giratesi risk facin8 Ihe charity is the loss of a tenant and ihertfore in¢om¢ 01 an Tncrea5¢d mortgagc co. However, this 18 mitigated via insurance. It 15 in place It is highly unlikely any vacancy would be for other ihan L short-*rm period. During 202314 Incre.5 in monihly mortgage paytnents wer¢ tnet by payin8 down ihE tnortgage iolal and increasing the rental receipts. The Irusiees do not believe the charity face any oiher si8nifJc&rtt Tisks or unc¢rtaintie5. Pa8e I
Nith VAlle LEAF Trust ort of the Trustees lor the Year Ended 315t October 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Govertting do¢ument The charity is controlled by its goveTning do¢um¢ni. ils memorandum and articles of &S8ociatio and constitutes a limi*d comparty, limiied by guaraniee. as defined by the Companic5 Act 2006. Thc schemc wa5 incorporated on 1st October, 2009. and ha5 ken Tegister¢d wilh lh¢ Office of the Scottish Charity RegulaloT &8 a charity. Recruitmetit And Appointment of new trustee5 The governing document States that the number ot. Irustt¢5 shall not b¢ Ic55 thfjn fiv¢ nor tn(>Te than ten. Of the MlMuM number, up to six may b¢ el¢¢d Irusi¢e$. up 10 3 may b¢ perwns appoinicd by Closeburn Community Council and th¢ r¢mainiDg one may be cwpied onto the Board. One third of the elected tru$tees must retirt each year. An elected irusiee may serve a m&ximum of two t¢nns of office b¢for¢ standing down for a period of at l¢ast on¢ y¢ar. Trusiees appoinied by Closeburn Community Council are now Mr MA Steele, Mr D Dick ond Mrs C Head. The cOPIed direc¢oT shall serve frotn on¢ AGM to th¢ next but tnay co-opied back on again immcdiately. A Junior repTe8eniative may also be elected (aged 12- 17 years) to aitend Board meetings but may not vole. Risk management The Irusiees have a duty io identify and review Ilie risks to which the charity is exposed and to ¢U5ure appropriate ¢ontrols are in place providc rca%onabl¢ a55uranc¢ again%1 fraud and crror. REFERECE AND ADMINISTRA TIVE DETAILS Registered Compfjny number SC366401 ISrotlaDdl Registered Chwrity number SC040917 Registered orriee 61 High Sireet Sanquhar DUMFRIESSHIRE DG4 6DT Trusiets G N J Willoughby D Di¢k Nq A Sieel¢ Mrs S McKinley MrsCAllead Ms L M Brown M5 K E N Colch¢sl¢r ISigned 6.9.251 M5 J Young-Graham Company Se¢retary K McLean Independent ExAmlner Rodn¢y Paltner DA CA Farries, Kirk & Mcvean ChaTl¢r¢d Accountant5 Dumfries Cnierprise Park H¢athhall Dumfries DUMFRIESSHIRE DGI 3SJ Page 2
Nith Valle LEAF Trust ort of the Trvstees (or the I'¢ar Ended 31st Ottober 2025 REFERENCE AND ADMINISTRATIVE DETAILS BJDk¢r5 Bank of Scotland plc 63 Drumlanrig Sireei Thornhill Dumfries & Galloway DG3 SLY Solieitors Pollock & McLean 61 High Street Sanquhar DG4 6DT Appro>vcd by ordcr of the board of irusiees on 26th May 2026 and signed on its bchalf by.. 14Af(tt M A Steel¢-'frustt¢ P8gc 3
Inde endent ExamiDer'$ Re ort to the Trustees ol ith Vall LEAV I report on the acwunts for lh¢ yvar ended 315t Ortob¢r 2025 sei out on pa8es five to sevente£n. Rtspettive responsibilitÉes of trustees and examiner Th¢ rharity's Iiuste¢s are responsible for Ihe preparaiion of (he accounis in accordance with the tertn5 of th¢ Charitie5 and Trnsiec Investment (Scollandl Act 2005 and the Charities Account5 (Scotlandl R¢gulation5 20061os Ètncndcdl. The ¢haTlty'S Irusiees consider that the audit requITen[ of Regulation Iollll&l to Icl of Ihe Accounts Regulations does not Apply. It is my responsibilily to examine the account5 as required und¥r Section 4411ll¢l of the Aci and io state whether particular rnaiters have come 10 my attention. Basis of the indeptndent exAJniner'$ report My ¢xamiDalion was ¢atri¢d out in aL¢ordan¢e with Re8u121ion 11 of the Charities Accounts Iscotlandl RegulalioD5 2006. An examination includes a review of the accounting r¢cord5 kept by thc charity and a cotnparison of Ihc 8¢counts presented wtih those Tecords. It 81$0 includes consideration of any unusual items or disclosurcs in the accounts, and secking eKpIADations from you as Irustees concerning any sucli maiters. The procedu5 und¢rtak¢n (lo not provide all Ihe evidence ihat would be required in an audiL and consequtntly I de not express an audit opinion on ihe vicw given by the accounts. Independent exHminer's statement In connection wilh my Cxdrnination, no matter has come to my attention 11) which gives me reasonable causc lo believe thaL in any material respe¢L ihe rtquirements lo keep accounting records in accordance with Section 44llllal of the 2005 Act 8rtd Regulation 4 of the 2006 Aecounts ReEulaiions; and to prepare atcounls which accord with Ihe ac¢ouniinB records and 10 comply with Regulation 8 of th¢ 2006 Arcounls Regulations have noi been met. or 121 to which, in my opinion, attention should be drawn in order to Cnable a proper undtrsianding of the a¢¢ounis to be reached. Rodney PalrnEr BA CA The Insiiiute of Ch8nercd Accounianis of Scotland Farri¢5. Kirk & Mcvean Chanered Accountant5 Dumfries Enterprise Park Heaihhall Dumfries DUMFRIESSHIRE DGI 3SJ 26ih May 2026 Pag¢ 4
Nith V Statement of fingntial Activities orati n Inc(kme Lx ¢nditur¢ Account for the Y¢or EDded 31st Octo Incor 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Not¢s INCOME AND ENDOWMENTS FROM Donations and legacie5 937 2.030 2.967 5.810 ChAritAble Activities Community Il'ork 28.287 78.694 106.981 183.733 Invtsimcnt incomc Other income 32.260 32.260 149 29.484 1,693 148 Totsl 61,485 80.872 142.357 22Q.720 EXPEliDITURE ON Ch8ritable activitie5 Community WoTk 71.758 62.786 134.544 74,039 NET I.NCOMEIIEXPENDITVREI 110.2731 384.125 18.086 1384,1251 7.813 146,681 Trans(er5 between funds 20 Net movement ill funds 373.852 1366.0391 7.813 146,681 RECONCILIATION OF FUNDS 'Fotal funds brought forward 348.930 469,102 818,032 671.351 TOTAL FUNDS CARRIED FORWARD 722,782 103,063 825,845 818.032 The note5 tom) part of these financial siaiements Pa8e 5
Nith Vllle LEAF Trust BalgThce Sheet 315tO ober 202 2025 Total funds 2024 Toial funds UnTestricied fund5 Restricted funds Notes FIXED ASSETS Tangible asseis Investment property 417.037 450.600 3.175 420.212 450,600 402.797 450,600 14 867.637 3.175 870,812 853.397 CURREf4T ASSETS D¢bior5 Cash ai bank 800 1,454 800 101,773 3.000 100.319 2.254 100,319 102.573 CREDITORS Amoiinls falling due within one year 16 14.5621 14301 14,9921 14.7381 NET CURRENT ASSETS 12,3081 99.889 97,581 109.363 TOTAL ASSETS LESS CURRENT LIABILITIES 865.329 103,064 968,393 962.760 CREDITORS Amounts falling due after more than onc year 17 1142.548) {142,548) 1144,7281 NET ASSETS 722,781 103.064 825,845 818,032 FUNDS UnresiritJ fund$ Re51ricled funds 20 722.781 103.064 348,930 469,102 TOTAL FUNDS 825,845 818,032 The charitabl¢ company is eniiiled 10 excmption Irorn audit under Section 477 of the Companit5 Act 2006 f¢r the yeAr ended 3 1st OctoLKr 2025. Thc mcmbcrs havc noi requircd the company 10 obtain an audit of its financial statcments for the year ended 3 1st October 2025 in a¢¢ordance w'ith Seciion 476 of the Cotnpanies Aci 2006. The irustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply with S¢ctlODS 386 and 387 of th¢ CoJnpani¥$ A¢1 2006 and preparing financial 5tattm¢nts which give a true und fair view of thc State of affairs of the charitable as at the end of each financial year and ol lis surplus or d¢ficit for each financial yeaT in ac¢ordance wilh the r¢quiremenis of Sections 394 and 395 and which oth¢rwi5¢ comply with the requirern¢nts of the Companies Act 2006 relating to financial slat¢rnenS so far as applicable to ihe charitable company. Ib} The notrs rom part of these tinancial 5tatcinents Pag¢ b
Nith Vftlle LEAF Trust BAIAnte Sheet- ¢ontinued 315t Oetob¢r 2025 These financial statements have ken prepaTed in accordfjn¢e wilh Ihe provisions applicable charitable companics subj¢¢t to the small ¢OTnpanies r¢gitne. The financial staMentS were approved by ihe Board of TTUSttt5 and auihorised for issue on 26th May 2026 and were signed on its b¢haJf by.. M A Steele- TTUSt¢¢ 'rhc not¢s form part of the5c financial stai¢m¢nts Page 7
Nith Valle LEAF Notes to the Finantial Statemtnts for ihe Year Ended 31st October Z025 GENERAL INFORMATION The charity is a tompany litnited by guarantee. incoryoTattd in Scotland and is governed by its Mernorandum and Articles of Association. In the event of ihe ¢otnpany being wound up the liability in r¢sp¢¢i of the guarwiee 1$ limited io £1 per member. Tht financial siatemenis relate 10 Nith Valley LEAF TrusL an indivtdual entity and the presentation currency used is Pound Sterling 1£) ACCOUNTING POLICIES Basis of preparing the financial stteMentS The financial siaicncnls of Ihc chariiablc Company, which is a public bcncfit cntity undcr FRS 102. have been pPared in accordance with the Charitits SORP IFRS 1021 'A¢¢ounlin8 and Reporting by Charities.. Si8temeni of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial R¢portin8 Siandard applicable in the UK and Republic of Ireland IfRS 1021 leff¢rtiv¢ l January 20191., Financial RLporling Standard 102 'Th¢ Financial Reporting Standard applicablc in the UK and Republic of Ireland, and ihe Companies Act 2006. The financial siat¢m¢nts have been prcpered under the hisiori¢al LOSI LonveAlion. as modified by the revaluaiion of certain asstls. CrititHI accounting judgements and kty source5 of e$timAtion uncertainty The valuation of Ihe propeny and land owned by the Trust 15 a kej sourc¢ of ¢51itnaiiQll uncertnIY. Income All income is recogni5ed in the Statement of Finan¢ial A¢iiviiies on¢e the charity ha5 entitlemenl to the fund& il is probable thai Ihe income will be received and lh¢ arnouni can be Incasud reliably. Exp¢nditure Liabili11¢5 ar¢ recogni5¢d as eXPEnditure ls $(x)n LS ihere is a leBal or consiruciive obligation cotntnilting lh¢ charity to Ihat expendiiure, li is probable thai a iransfer of economic benelits will b¢ requir¢d in 5¢ttletncnt and thc amount of thc obligation can be rnea5UJ reliably. Expenditure is ac¢ounicd for on an accruals basis and has been ¢151r1ed under headings Ihat 98EreBaie all cost related to Ihe category. Where costs cannot b¢ directly atlribuied to particular headings they have been allocat¢d to arliviti¢s on a basis tonsisient with the r>f resoutces. T#ngibl¢ fixtd #$$ets D¢pr¢cialion is provi(Jed al the following annual rale5 in order to writ¢ ott¢a¢h tssei over its esiimaied useful life. lrnprov¢rnents to propety Plant and machinery 1S'kn on dcIng balonce 151/0 on reducing balance Investment property Investment properly is carried at valuation. As this propErty wa5 purcha5¥11 within Ihe pasi three years, in this ¢t cost is used, which was ai a discount on open market value. In the event of ihe property being sold ihere is a condiiion requiring it lo b¢ sold back to th¢ pviouS own¢rs at the same discount on open TnaTket valu¢. It is therefor¢ consid¢red that coi remains the best ¢siimaie of value at this time. TAXAtion The charity is exempt from ¢orporaiion tax on ils tharitable aciiviiies. Fund llccounting Unrestricied funds can be used in accordance with the charitable objeciives al the discretion of the trus¢& Restricted funds can only be used for particular resiricted purposes within ihe objects of the charity. Restriction5 arise when spe¢ified by the donor OT when fvnds a]t rdistd for particular Ttstricied purpos¢s. Pcn5ion costs and other p05t-retirement benefits The chariiable ¢ornp8ny optTUtt5 u dcfin¢d contribution ptn5ion sch¢m¢. Contribution5 payable to the cnarilable companls pension scheme are charged to the Stai¢meni olFinancial A¢tiviiies in th¢ FeTiod lo which Ih¢y rel8*. Financial instruments Cash &nd bank Cash and bank comprises cash on hand and funds held on deposit. Page 8
Nith Valle LEAF Trust Note$ ttb the Finan¢iJl St&teEnent$- eontinued for the YeRr Ended 31$t October 2025 ACCOUNTING POLICIES- ¢on¢irJu¢d Fin8nciHI in51ruments TrAdt debtor5 'rrad¢ d¢btors are arnounts du¢ from customers for the provision of services sold in th¢ OTdinary cours¢ of QPETalions. Trade debtors arc recognised iniiially ai the iransaciion price and reprent the full value of the services charged to customeTS, including any amoun15 charged on for third pani¢5. Trad¢ rreditors Trade crcdiiors are obligations to pay for goods or servxces thai have been acquired in the ordinary COUT5¢ of business froTn supplieTS. Acwunt5 payable UTC clossified os curr¢nl liabilitlC5 if th¢ cotnpany does not have an unconditional riEhL ai ihc cnd of thc reporting tKriod, to defer selllement of lh¢ creditor for al l¢a51 Iwelve rnonihs aft¢T the reporting date. If there is an unconditional right io defer SettIent for ai least twelve months after the reporting date they are presented as non current liabtlilies. DONATIONS AND LEGACIES 2025 2024 Donaiions Feed In Tariff rec¢ived 2,080 887 5,330 460 2.967 5.810 INVESTMENT INCOME 2025 2024 Dewslt account Int¢St Rentsl Income 1.273 28,211 31,549 32.260 29,484 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Grant5 Community Work 06,981 183,733 Grants Tec¢iv¢d. includ¢d in the above. fjrc a5 follows.. 2025 2024 C105eburn Community Council- Dalswinton Wind Farm Furtds Foundation Scotland Closeburn Cotnmunity Council D & G Council Thomhill CotnTDunity Council Community Land Scoiland Naiional Loiiery Cotntnunity Fund Cycling Scotland Third Sector Foundalion Scotland via Clyde (Dumfries & Galloway) Communiiy Fund Closcbum Dcvclop¢r Futrd via D&G Council 1,332 35,701 5,582 70,070 33.162 1.500 52,862 300 15,000 2,200 10,930 10,000 31,500 14,975 Carried torward 102,499 183.733 Page 9
Niih Valle LEAF Trust Notes to the FinAncial StAtements- continued for the Ytar Ended 3151 Oclober 20Z5 INCOME FROM CHARITABLE ACTIVITIES-contlnued 2025 2024 Brought forward Sconish Cornmunity Alliance Yguih Srotland My Park Scotland 102.499 2,982 750 750 183,733 106.981 183.733 CHARITABLE ACTIVITIES COSTS Direct Costs Igee nott 71 Support C4)sts (see llolt 81 Totsls Comtnunity WoTk 102,835 31.709 134.544 DIRECTCOSTS OF CHARITABLE ACTIVITIES 2025 2024 Raics and waicr Insura0¢¢ Light dnd heal Profe55ional fees Orchard cosis RepaiTS & Renewals DcfibTillator c051s Ebike Expenses Ntlwork 76 Expcnses Wellbcing project expcn5eS Active ir8vel costs Cooking Costs Trec Planting Cost5 Oc¢an Youth Trusi Crew Cosis Property Repairs Dcprcciaiion InieTe81 payable and similar charges 444 5,399 1.068 1,500 827 12,907 3,307 245 461 1,867 132 5,067 2,049 12,825 16,055 318 977 343 698 1,084 2,000 42.315 5,327 10,844 5.779 11.862 102.835 45.798 SUPPORTCOSTS Gov¢rnanc¢ costs Managemeni Totals Community Work 29.809 1,900 31,709 Page 10
Nith Vallc LEAF Tru5 Note5 10 the Finanrifil StRtements- continued for the Year Ended 31$t Oc¢ober 3025 liET INCOMEI(EXPENDITUREI Net in¢omellexpenditurel 15 stat after chargingllcrediiingl.. 2025 2024 Auditors, T¢muneraiioii Depretittion- own¢d at5 1,800 5,779 5,327 10. TRUSTEES. REMUNEiL4TION AND BENEFITS There were DO truseg remuneration or other benefits for the year ended 31st Ouober 2025 nor for the year ended 3 1st October 2024. Trustets, expenses There wcre no tru5t¢¢s' exp¢n5C5 paid for the year ended 3 1st October 2025 nor for the year cnded 3 1st October 2024. STAFF COSTS The average monthly number of ¢mploy¢es during ¢h¢ yeaT wa$ #s follows.. 2025 2024 Developmeni Officer No employees received ¢molumtlll8 in exce55 of £60.000. 12. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre51ricted funds Resirictcd funds Toial funds INCOME AND EliDOWMENTS FROM Donations and legacies 810 5.000 5.810 ChritAble activi¢i¢5 Cornmunity Il'ork 183,733 183.733 Investtn¢nt inGom¢ Other in¢om¢ 29,483 1,694 29.484 1,693 Total 31,987 188,733 220,720 EXPENDITURE ON ChAritablc llrtivities Communiiy W'ork 40,920 74.039 YET INCOMEIIEXPENDITURE) 147,813 145.5061 146.681 TTAJJ$fer$ between funds 45.506 Net movement in lund5 44,374 102,307 146.681 RECONCILIATIOli OF FUNDS Total fund5 broughi forward 304,556 366.795 671.351 Pag¢ 11
Nith VRII LEAF Trus e5 to the Financial St8tement5 Colltinu for the Year Ended 315t October 2025 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITI8S- continued Unrestricted funds ReslTicled funds Toial funds TOTAL FUNDS CARRIED FORWARD 348,930 469,102 818,032 13. TANCIBLE FIXED ASSETS ImprovemenLS 10 propeny Freehold properly Plant and machinery Totals COST Ai Isi November 2024 Additions 256,265 19.323 20.000 41.714 2.742 417.302 22.742 Al 3 1st OCtoT 2025 256,265 139.323 44,456 440.Q44 DEPRECIA TION Al 1st Novetnber 2024 Charge for year 4.311 185 10,194 5,142 14,505 5,327 Al 3 1st 0¢beT 2025 4.496 15.336 19,832 NET BOOK VALUE Ai 3 1st Ociober 2025 256,265 134.827 29,120 420.212 Ai 3 1st October 2024 256,265 31.520 402.797 Included in cosi or valuaiion of land and buildings 15 freehold land of £256,265 12024. £256.2651 which is not d¢pr¢ria¢¢d. t4. 1Tr4VESTMENT PROPERTY FAIR VALUE Ai 1st November 2024 and 3 1st OclobEr 2025 450,600 NET BOOK VALUE Ai 3 1st Outober 2025 450.600 At 3151 October 2024 450.600 Investtn¢nt property at Castle Cresceni w25 valucd by Allied Surveyors in November 2019 on the basis of prOriY consiruction bcinB completed as planned, which it subsequently wa$. This valuation was prepar¥d fer ttM)rtgag¢ purpos¢$ and th¢ tTUSI¢¢s ¢onsidcr th¢ rarrying valu¢ lo bE appropriatt. Page 12
Nith Ville LEAF Trust Notes tts the Finincial Statements- ¢onlinu for the YeRr Ended 3 lyt October 2025 15. DEBTORS.. AMOUNTS FALLING DUEWITHIN ONE YEAR 2025 2024 Other dcbiors Prepayments and accru¢d income 3.000 8QO 800 3.000 16. CREDITORS: AMOUNTS FALLING DUE WITHIY ONF. YEAR 2025 2024 Bank loan5 and OVeTdrufts (see note 181 Trade crediiors Social securiiy and other iaxes Accrucd expenses 2,800 88 204 1,900 2,800 48 1,800 4.992 4,738 17. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans {s¢e noie 181 142,548 144,728 18. LOANS An analysis of the tnaiurity of loans is given below.. 2025 2024 Amounis fallin8 due within one y¢ar on d¢tnand.. ank loans 2,800 2.800 Amounts falling between one and iwo years.. Bank loans- 1-2 years 3,150 3,150 Amounts falling due between two and five years.. Bank loans- 2-5 years 9,600 9,600 Amount5 falling due in more than five years.. Repayable by tnstalment5'. Bank loan5 more 5 >T by insial 129,798 131.978 19. SECURED DEBTS The following secured debts are included within creditors.. 2025 2024 Bank loans 145,348 147,528 Tht bank loaD from the Charity Bank is secured aEainsi ihe prOrIY owned by the charitable company at 3 Woodend Av¢nue. Clos¢burn. The moriga8e from Ihe E¢oltsgy Building Socieiy is secured against the three PToperties owned by the charitable cornpany in Castle Crescent. Pagc 13
Nith Valle LEAF Trust Notts ¢0 tht FinAntil Statements- Continued for the Year Ended 31st October 2025 20. MOVEMENT IN FUNDS Nei Tnovetnent in funds Transfers betweeD fund5 At At 31.10.25 Unrestricted funds Gen¢ral fund 348.930 110.2741 384,125 722.781 Restri¢ted funds CotntnuDity Or¢haTd Project Closeburn Gala Field Fund Defibrillator fund Communily Shop Fund N¢twork 76 in Motion Winicr Kits E-Bike Fund Cooking Skills Roundhouse Fund lousing Ne¢d.% FuDd Cycling Scotland Local Place Plans Wellbeing Fund Active Travel Dtvelopmcnl Olyiccr Community Environmeni Planiing Fund 23.907 580 4,030 27.937 166 490 490 3,816 268,700 2,54Q 1,453 27.880 10.936 85,987 750 1,955 2,QOO 18.342 20,322 3,750 1272,516) 12,540) 127,880) 1698} 10.238 185.856) 23,917 24,667 11,955) 243 4.060 34,627 114,2821 6.230 13,750} 636 8,075 636 469,102 18,087 1384,125) 103.064 TOTAL FUNDS 818,032 7,813 825.845 Net movement in fund& included in the &bove are as follows.. Incoming r¢sour¢¢s Resources exnded Movement in funds Unrestricted funds Gen¢Tal fund 61,484 171.7581 110.2741 Restricted fund5 Community Orcharo Project Closeburn Gala Field Fund Defibri1Sator Fund Community Shop Fund Coeking Ski118 Roundhouse Fund 14ousing l¢cds Fund Loeal Place Plans Wellb¢ing Fund Aciivc Travel Development Offjcer Comrnunilv Environmeni Plantin8 Fund Ocean Youth TTUSt 5,241 4.030 (4141 490 3.816 16981 2,300 26,237 122,421) 16981 30,000 16,083) 11.757) 114,282} 17,616) 13,750} {1,0841 23.917 114,2821 6,230 13,7501 636 13.846 1,710 1,530 80,873 162,7861 18,087 TOTAL FUNDS 142,357 1134,5441 7,813 Pagt 14
LEAF Trust Notes to the Financial Statement5 Colltinutd for the YeRr Knded 31st Octobtr 2025 20. MOVEMENT IN FUNDS- continue Comparatives lor movement in fund5 Net movement in funds TTansl¢r$ between funds At At 31.10.24 Unrestricted lund5 Gen¢rnl fund 304.556 45.506 348.930 Restricted funds Community Orchard Project R¢d Squirrel Projeit Closeburn Gala field Fund Cornmunily Shop Fund N¢twork 76 in Motion Tweniy Shilling Windfarm WinieT Kits E-Bike Fund Cooking Ski115 Roundhouse Fund Housing Needs Fund Cycling Scoiland Local Place Plans Wellbein8 Fund Activ¢ Travel Dcvelopmeni Officcr 23.403 1.250 2,430 273.486 3.001 29.805 .453 31,967 504 11.250} 11,8501 14.786) 23,907 580 268.700 2.540 15.701 145.506} 1,453 27,880 10.936 85,987 750 1.955 2,000 18.342 20,322 3.750 14,0871 10.936 85.987 750 1,955 2.000 18.342 20,322 3.750 366.795 147,813 145,506) 469,102 TOTAL FUP4D5 671.351 146,681 818,032 Pag¢ IS
Nith VAlle LEAF Trust Notes to the Financial StatemeDts- coptinued for the Year Ended 31st October 2025 20. MOVEMENT Ir4 FUNDS- continued Cotnparativc nct movetnent in funds, includtd in th¢ above are a5 follows.. Incoming r¢souT£¢S Resource5 ¢xpended Movernent in funds Uthre$tri¢¢¢d fvnd5 General fund 31,987 Restricted funds Cotntnunily Orchard Project Red Squirrel Project Closeburn Gala Field Fund Defibrillaior Fund CotllTnunily Shop Fund Network 76 In Moiion Twenly Shilling Windfarm E-Bik¢ Fund Cooking Skills Roundhouse Fund I.Iousing Needs Fund Cycling Scoiland Communiiy Land Fesii¥al 18271 (1,250) (1,850) (1,6941 (4,786) 1461) 504 11.8501 ,694 14.7861 14611 15.701 14,0871 10,936 85.987 750 1.955 15,701 14.087) 10,936 86,500 2,250 2.200 300 2,000 26,852 23.969 15,000 11,500) 1245) 1300} 2.000 18.342 20.322 3.750 Wellbeing Fund Active Travel Development Officer 18,510} {3.647} 111,250) 188,733 140,920} 147.813 TOTAL FUNDS 220,720 174,039) 146,681 The unrcsirieied General funds Tepreseni the free funds of the chaiity whi¢h not designated foT particulaT purposes. Restricted funds are those provided by main funders which are condiiional on being spent on Ihc specific restrictrd purpose. Community Orehard Project Grani fundin8 rec¥ivd to finanff th¢ arquisition of the least of. and for th¢ ongoing d¢VeloPMent of. the Church OTchard in C105¢burn. Cala Field Project rundinE rc£eiv¥d toward5 the aim of acquiring lh¢ Primary School playing field and using il as a comrnunity assei. Community Shop Fu Funding Teceived towards th¢ possibility of acquirTrng the former village Pos10(fice and re-purposing it as a Comrnunity Shop. As the a5sel ha5 now been tully purchased, il has been Iransferred 10 Ihc gLneTal fund. Defibrillator Projett runding r¢¢civcd for lh¢ pur¢has¢ and installation of two defibrillalor5 within the v211a8e. Energy In MotioD Fund Neiwork 76 in Motion (F1761 is a mulii-year community projecl aiming to develop siistaiiiable tTansporl soluiions and neiworks with and for a partnership of cornmunity trusts connected by. or near lo, Iht A76. Funds iransfcrTcd to Active Travel proj¢cl as Ihi$ r¢strict¢d fund w&$ amalgamated by the irustees in th¢ ytar. Conking Skil[5 Funding received to deliver eooktng skills 10 eat b¢tt¢r and cheaper project. Roundho¥st Page 16
Notes to the FinRncial StRtements continued for tlle YeRr Ended 31st October 2025 20. MOVEMENT IN FUNDS. tontlnued Funding Tertivtd to eTect 2 rnulii-use community 'roundhousc' on Clo%burn playing field. A5 the ass¢t ha5 now been fully purchased. it has been trAnsferr¢d 10 the general fund. Housing Need5 Funding received to carry Out a Housing need 5urv¢y in C105¢bum. Cytling Stotlathd runding r¢c¢ived to start a bike Tepair ¢af¢. Funds fransf¢rr¢d to A1ve Travel project as thi5 restricted fund 8malgam&ied by the trustees in Ihe year. Commuknity Lxnd Festival Funding re¢¢iv¢d to $upry)rt a Cemmunity Land Fesiibal. Local Place Plans Funding rec¢ived io write a report on C105eburns Local Place Plans. Wellbeing Project Funding rcceivcd to run a seriou5 of events and activities TO PTomoie menial wellbeing. Active Tr*vel Funding received to run an active travel pro8ramme and purchase equiptnent. Development Officer Funding to received for a development officer to run ihe r¢furbi5hm¢nt of $hop and cafe. Ocean YOth Trust To organise cruises lo lake local young p¢ople out for 415 days lo 'crew' an ocean going boat a team building ¢v¢ni and hclp build ¢hara¢t¢T and provide an invaluable LXriencc.This wa5 partly funded by fundraising by the young people and NVLT contributed ihe balanc¢. 21. RELATED PARTY DISCLOSURES There were no lated party transaclions for the year ended 3 ISL Ociobtr 202512024- none). Page17
Nith Vill LEAF Trust Detailed Statement of FingnciRI Activitie for the l'ear EDded 315t October 2025 2025 2024 INCOME AND ENDOWMENTS Donations #nd Itg*tles Donations Feed In Tariff received 2,080 887 5,350 460 2,967 5,810 Investment income Deposit account intcrest Rtnial Incom¢ 1,273 28,211 31,549 32,260 29,484 Chari¢#ble g¢tiviti¢s Grants 106,981 183,733 Other in¢om¢ Sundry receipts 149 1,693 TotAI incoming re50urtes 142,357 220,720 EXPENDITURE Ch8ritable activities Rares and water Insurance Lighi and lieal Profcssional lees Orchurd c051S Rcpairs & Renewals Defibrillator c051s Ebikc Expcnse% Network 76 Expenses Wellbeing project expenses Aciive travel costs Cooking C051s Tree Planiing Costs Occan Youth Trust Crew Costs Property Repairb Improvements to property depreciation Plant and machinery depreei81ion Bank loan inlerest 444 5,399 1.068 1,500 827 12,907 3.307 24J 461 1,867 132 5.067 2.049 12.825 16.055 1,810 318 977 343 698 1.084 2.000 42,315 1,789 3,990 11,862 5.142 10,844 102.835 45,798 Support costs Management 20.179 418 8,459 124 134 8,717 Pensions Pu.%lage and stationery Carried forward 20.597 Thi5 page does not lorm part ol'thc statutory financial statements Page 18
Nith Valle LEAF Trusl Detailed Statement of Fln*ntS1l Atlivitit ror the Year Ended 31st October 2025 2025 2024 Management Brought ftsn¥ard SuDdri¢s Donations '¢bsil¢ ¢OSts Property managerneni f¢es Co-urdindiof Work 20,597 5.273 350 997 2,592 8,717 2.632 1.250 2,592 11,250 29,809 26,441 Gov¢rn¥Bce costs Auditors, remuneration Independeni exatniner's fe¢ 1,800 1,900 1.900 1,800 Total resourccs expcnded 134,544 74.039 Tr4et income 7,813 146,681 Thi5 pa8e does not fortn part orth¢ siaiutorv financial stht¢ments Pag¢ 19